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BankPurely Review

Updated April 29, 2025
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At a glance

Overview

BankPurely is a digital division of Flushing Bank designed for environmentally conscious consumers. The bank offers above-average yields on deposit products, charges no monthly maintenance fees and provides access to more than 55,000 ATMs. Its online-only model includes paperless banking features and a pledge to plant a tree for every account opened. While it offers all major account types, customers looking for more flexibility in certificate of deposit (CD) terms or lower deposit requirements may want to compare other online options.

Highlights:

High APY Free Checking
4.4
Rating: 4.4 stars out of 5
Bankrate Score
Info Icon

CDs

Rating: 3.8 stars out of 5
3.8 /5

Checking

Rating: 4.5 stars out of 5
4.5 /5

Savings

Rating: 3.9 stars out of 5
3.9 /5

MMA

Rating: 4.1 stars out of 5
4.1 /5
Sponsored offers
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
3.60
%
APY
APY
Info Icon
As of 5/19/2025
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: It only takes about 5 minutes to open a fee-free account.
Bank logo
Member FDIC
Savings Account
4.10
%
APY
APY
Info Icon
As of 5/19/2025
Rating: 4.6 stars out of 5
$5,000
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: Get up to a $300 Cash Bonus. See site for details.
Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info Icon
As of 5/19/2025
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money

Overall

BankPurely is a financial institution created for environmentally conscious consumers offering a wide range of deposit products, including a savings, checking and two money market accounts along with two standard CDs.

Pros

  • Checkmark Icon

    BankPurely provides an eco-friendly banking option for environmentally conscious consumers.

  • Checkmark Icon

    All deposit products pay APYs above the national average or better.

  • Checkmark Icon

    Account holders have free access to thousands of ATMs.

  • Checkmark Icon

    Digital banking features are available, including access to Zelle and Bill Pay.

Cons

  • Only two CD terms are offered.

  • A steep $25,000 deposit is needed to earn interest on its money market accounts.

  • There’s a $1,500 point-of-sale transaction limit for the checking account.

BankPurely banking products

BankPurely savings overview

3.9
/5
Rating: 3.9 stars out of 5

Pros

  • Checkmark Icon

    BankPurely’s savings account requires only $100 to open.

  • Checkmark Icon

    There’s no monthly service fee.

Cons

BankPurely CD overview

3.8
/5
Rating: 3.8 stars out of 5

Pros

  • Checkmark Icon

    BankPurely’s CDs only require a minimum opening deposit of $1,000.

  • Checkmark Icon

    The bank offers a competitive yield.

Cons

  • Only two standard terms are offered.

  • The bank doesn’t offer any specialty CDs.

BankPurely money market overview

4.1
/5
Rating: 4.1 stars out of 5

Pros

  • Checkmark Icon

    PurelyMoneyMarket accounts offer a strong APY.

  • Checkmark Icon

    There’s no monthly service fee.

  • Checkmark Icon

    Account holders can get a free ATM card.

Cons

  • There’s a steep $25,000 deposit needed to earn interest.

BankPurely checking overview

4.5
/5
Rating: 4.5 stars out of 5

Pros

  • Checkmark Icon

    The CheckingPurely account doesn’t charge a monthly fee.

  • Checkmark Icon

    Account holders have free access to thousands of ATMs.

Cons

  • You may not exceed $1,500 in point-of-sale transactions per day.

Bank fees

Fee Charged?
Overdraft fee None
Non-sufficient funds fee None
Monthly maintenance fee None
Out-of-network ATM fee None
Excessive transaction fee None

Customer experience

Customer service.  BankPurely offers customer support by phone and email, seven days a week, from 7:00 a.m. to 9:00 p.m. ET. Customers can also access self-service tools through the automated phone system or send secure messages through their online account.

Digital experience. The bank offers online banking and mobile banking through apps for both iOS and Android devices. Its mobile apps support mobile check deposits, bill pay and peer-to-peer payments with Zelle. Customers also have access to budgeting tools through the app. However, public app reviews are limited, making it difficult to compare the overall user experience with that of larger online banks.

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Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.